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Tuesday, April 23, 2024

SCB CIO sees limited impact from stimulus steps

Leaders of eight political parties led by Pita Limjaroenrat, leader of the Move Forward Party, centre left (front row), at a meeting of coalition parties in Bangkok on Monday. Varuth Hirunyatheb

The potential impact of the new government’s stimulus measures on the economy is likely to be limited, while the stock market has already factored in risks related to political issues, says the SCB Chief Investment Office (SCB CIO).

Kampon Adireksombat, first senior vice-president and head of SCB CIO, said the formation of a new coalition government remains uncertain and may take longer than usual, as seating a prime minister requires a minimum of 376 votes combined from the House of Representatives and Senate.

According to the legal…

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